What India Inc wants from its new man in charge

May 17 2014, 08:53 IST
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Indian firms and business leaders are enthused at the prospect of having a stable government, led by Narendra Modi. Indian firms and business leaders are enthused at the prospect of having a stable government, led by Narendra Modi.
SummaryIndian firms and business leaders are enthused at the prospect of having a stable government

With the BJP-led National Democratic Alliance (NDA) poised to take charge at the Centre, Indian firms and business leaders are enthused at the prospect of having a stable government. They expect the Modi-led government to jumpstart a slew of reform measures and revive the economy to the levels of the 8-8.5% growth that they once saw. Here's what the India Inc expects from Narendra Modi, the new man in charge:

Kishore Biyani: Relook at foreign direct investment in the retail policy by doing away with the segregation between single and multi-brand retail

Pawan Goenka: Push for infrastructure and mining to boost demand for passenger and commercial vehicles. Continuation of the excise duty cuts on automobiles announced in the previous budget

Adi Godrej: Improve the ease of doing business in India. Solving tax disputes with Indian and multinational companies

N Chandrasekaran: Adoption of digital technology for ease of governance by simplifying interaction with citizens

Harsh Goenka: Creation of new cities that would boost sectors like cement, steel, and infrastructure in general. Curtailing spending on populist programmes and subsidies

Koushik Chatterjee: Steps towards instilling confidence in the steel and mining industries and expedition of infrastructure projects

Satish Reddy: Speeding up the process of approving clinical trial for medicines in India

Glenn Saldanha: Accord national priority status to the healthcare sector and improve accessibility and quality of medicines made available to the Indian population, especially for lower income groups

Kumar Mangalam Birla: Accelerate economic growth. So, reining in of inflation, fiscal deficit and unemployment are of paramount importance

Rahul Bajaj: Quick decision making and doing away with undue environmental concerns that may come in the way of growth. Amendment of the land acquisition Bill without hurting farmers' interests

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